US-China Trade War - Part 1 - The dance of the Dragon and the Eagle

This was a piece written by me back in December, 2018 which never saw the light of the day until today. I shall follow this up with a part-2 covering the events of the trade war which occurred in 2019. “It is the rise of Athens and the fear it instilled in Sparta, that made war inevitable”. These are the famous words of a Greece historian – Thucydides and it seems very apt in the current trade war between the two most powerful economies of the world – USA & China. Till January 2018, everything was going pretty fine for both parties, the Chinese grew due to exports, Americans could buy things cheap. But then one fine day, Mr. Trump decided to cite the reasons of a threat to National security, Trade deficit, injury to US Industries and lay tariffs on Chinese products. In the course of the trade war Mr. Trump justified his stance by quoting IPR Theft and Unfair trade practices of the Chinese i.e. by not allowing foreign companies to enter the market unless they partner with Chin...